PFG Advisors
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), PFG Advisors reported 812 stock positions worth $2.4 billion. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 2.7% of the portfolio, followed by Microsoft (MSFT, 2.4%) and Apple (AAPL, 2.3%). Compared with Q2 2025, it opened 220 new positions, sold out of 31, added to 380 and reduced 195. The biggest buy was a new position in Vanguard Mrngstar GR ETF-Sui (VUG) and the biggest sale Vanguard S&P 500 Growth ETF (VOOG, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Phoenix, AZ
- CIK
- 0001694435
- Portfolio Value
- $2.4B (Q3 2025)
- SEC Filing
- 0001694435-25-000003 ↗ filed Nov 13, 2025
Holdings Value
Holdings 812 stocks · $2.4B
| VUG Vanguard Mrngstar GR ETF-Sui | 2.72% | 138,277 | $66.3M | New |
| MSFT Microsoft Corp. | 2.37% | 111,800 | $57.9M | New |
| AAPL Apple Inc. | 2.33% | 223,326 | $56.9M | Add +8.3% |
| QQQ Invesco QQQ Trust Series 1 | 2.18% | 88,680 | $53.2M | Add +1.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.99% | 147,936 | $48.5M | New |
| NVDA Nvidia Corp. | 1.86% | 243,134 | $45.4M | Add +5.0% |
| VIG Vanguard Dividend Apprec ETF | 1.39% | 157,089 | $33.9M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.15% | 357,781 | $28.0M | Add +10.2% |
| VOO Vanguard S&P 500 ETF | 1.15% | 45,676 | $28.0M | Reduce -93.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.99% | 36,439 | $24.3M | Reduce -7.9% |
| VYM Vanguard High DVD Yield ETF | 0.96% | 165,899 | $23.4M | New |
| FTEC Fidelity MSCI Info Tech Indx | 0.92% | 100,662 | $22.4M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.88% | 42,651 | $21.4M | Add +5.8% |
| GLD SPDR Gold Shares | 0.88% | 60,206 | $21.4M | Add +2.3% |
| SCHD Schwab US DVD Equity ETF | 0.85% | 756,647 | $20.7M | New |
| AVGO Broadcom Inc. | 0.82% | 60,669 | $20.0M | Add +5.1% |
| CGGR Cap Group Growth Equity | 0.82% | 455,404 | $20.0M | Add +10.2% |
| FBND Fidelity Total Bond ETF | 0.80% | 423,202 | $19.6M | New |
| AMZN Amazon.com Inc. | 0.79% | 88,350 | $19.4M | Add +5.3% |
| GOOG Alphabet Inc. Class C | 0.77% | 76,885 | $18.7M | Add +7.5% |
| COST Costco Wholesale Corp. | 0.76% | 20,062 | $18.6M | Add +7.8% |
| VWO Vanguard Ftse Emerging Marke | 0.73% | 328,550 | $17.8M | New |
| BND Vanguard Total Bond Market | 0.72% | 237,355 | $17.7M | New |
| JPM JPMorgan Chase & Co. | 0.68% | 52,662 | $16.6M | Add +5.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.68% | 88,415 | $16.5M | New |
| JEPI JPMorgan Equity Premium Inco | 0.67% | 287,054 | $16.4M | Reduce -1.6% |
| VXUS Vanguard Total Intl Stock | 0.66% | 219,096 | $16.1M | New |
| IVV iShares Core S&P 500 ETF | 0.65% | 23,643 | $15.8M | New |
| VCIT Vanguard Int-Term Corporate | 0.65% | 187,482 | $15.8M | Add +2.7% |
| IEF iShares 7-10 Year Treasury B | 0.63% | 158,342 | $15.3M | New |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.61% | 318,330 | $14.9M | Add +3.7% |
| DFUS Dimensional US Eq MKT ETF | 0.58% | 196,905 | $14.3M | Add +12.6% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.58% | 337,924 | $14.2M | Add +10.0% |
| COWZ Pacer US Cash Cows 100 ETF | 0.58% | 245,465 | $14.1M | Reduce -7.1% |
| XLC SS Comm Select Sector SPDR | 0.57% | 118,095 | $14.0M | Add +2.9% |
| RDVY First Trust Rising Dividend | 0.57% | 207,596 | $14.0M | Add +4.0% |
| XLI SS Industrial Select Sector | 0.56% | 89,146 | $13.7M | Add +1.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.55% | 153,703 | $13.4M | Add +4.4% |
| ACWI iShares MSCI Acwi ETF | 0.55% | 96,747 | $13.4M | New |
| QUAL iShares MSCI USA Quality Fac | 0.51% | 64,247 | $12.5M | Reduce -40.4% |
| PG The Procter & Gamble Co. | 0.50% | 79,463 | $12.2M | Reduce -1.1% |
| XLG Invesco S&P 500 Top 50 ETF | 0.49% | 209,166 | $12.0M | Add +278.3% |
| V Visa Inc. Class A | 0.48% | 34,384 | $11.7M | Add +8.3% |
| AGG iShares Core U.S. Aggregate | 0.46% | 112,944 | $11.3M | New |
| JAAA Janus Henderson Aaa Clo ETF | 0.46% | 221,946 | $11.3M | Add +12.2% |
| KLAC KLA Corp. | 0.46% | 10,414 | $11.2M | Add +2.7% |
| REMX Vaneck Rar Earth ND STG-Usdi | 0.45% | 167,193 | $11.0M | New |
| SGOV iShares 0-3 Month Treasury B | 0.45% | 107,963 | $10.9M | Add +21.0% |
| SCHG Schwab US Large-Cap Growth | 0.42% | 322,212 | $10.3M | New |
| IDLV Invesco S&P International DE | 0.42% | 305,952 | $10.2M | Add +5.8% |
| SPHB Invesco S&P 500 High Beta Et | 0.42% | 93,125 | $10.2M | Add +835.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.42% | 32,787 | $10.2M | Add +12.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.41% | 109,222 | $10.0M | Add +452.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.41% | 199,630 | $10.0M | New |
| DFAC Dimensional US Core Equity 2 | 0.39% | 249,728 | $9.6M | Add +12.3% |
| EUAD Select Stoxx Eur Aer DE ETF | 0.39% | 200,157 | $9.4M | New |
| GOOGL Alphabet Inc. Class A | 0.38% | 38,638 | $9.4M | Add +7.7% |
| SCHX Schwab US Large-Cap ETF | 0.37% | 345,064 | $9.1M | New |
| GSLC Goldman Activebeta US LC ETF | 0.37% | 69,738 | $9.1M | Reduce -7.1% |
| EME Emcor Group Inc. | 0.37% | 13,896 | $9.0M | Add +8.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.37% | 169,048 | $9.0M | New |
| HD Home Depot Inc. | 0.37% | 22,101 | $9.0M | Add +7.7% |
| SPLB SS SPDR P Long Term C ETF | 0.36% | 381,518 | $8.8M | Add +9.3% |
| MINT PIMCO Enhanced Short Maturit | 0.36% | 86,753 | $8.7M | Add +4115.4% |
| XLK SS Technology Select Sector | 0.35% | 30,706 | $8.7M | Reduce -6.2% |
| CAT Caterpillar Inc. | 0.35% | 17,878 | $8.5M | Add +2.8% |
| SNPS Synopsys Inc. | 0.35% | 17,279 | $8.5M | Add +40.8% |
| GTO Invesco Total Return Bond Et | 0.35% | 177,994 | $8.5M | Add +4.6% |
| UCON First Trust Smith Unconstrai | 0.34% | 330,603 | $8.3M | Add +14.4% |
| FTCS First Trust Capital Strength | 0.34% | 88,703 | $8.3M | Reduce -4.1% |
| CWB SS SPDR BB Conv Sec ETF | 0.34% | 91,018 | $8.2M | New |
| JNJ Johnson & Johnson | 0.33% | 43,778 | $8.1M | Add +11.3% |
| TSLA Tesla Inc. | 0.33% | 17,868 | $7.9M | Add +16.9% |
| APH Amphenol Corp. Class A | 0.32% | 63,606 | $7.9M | Add +10.0% |
| SMH Vaneck Semiconductor ETF | 0.32% | 24,031 | $7.8M | Add +4.3% |
| CVX Chevron Corp. | 0.32% | 49,691 | $7.7M | Add +8.5% |
| IDXX Idexx Laboratories Inc. | 0.31% | 12,032 | $7.7M | Add +4.0% |
| DHR Danaher Corp. | 0.31% | 38,754 | $7.7M | Add +9.2% |
| VCR Vanguard Consumer Discre ETF | 0.31% | 18,984 | $7.5M | Add +6.6% |
| META Meta Platforms Inc. Class A | 0.31% | 10,159 | $7.5M | Add +12.2% |
| ABBV Abbvie Inc. | 0.30% | 31,980 | $7.4M | Add +8.8% |
| DFCF Dimensional Core Fixed Inc. | 0.30% | 172,403 | $7.4M | Add +16.2% |
| GLDM SPDR Gold Minishares Trust | 0.30% | 96,120 | $7.3M | Reduce -11.7% |
| IMTB iShares Core 5-10 Year Usd | 0.29% | 161,306 | $7.1M | Add +4.5% |
| VMBS Vanguard Mortgage-Backed Sec | 0.29% | 149,663 | $7.0M | Reduce -6.0% |
| UNP Union Pacific Corp. | 0.29% | 29,623 | $7.0M | Add +5.5% |
| ACN Accenture PLC Class A | 0.28% | 28,210 | $7.0M | Add +7.3% |
| SYK Stryker Corp. | 0.28% | 18,815 | $7.0M | Add +5.8% |
| LRCX Lam Research Corp. | 0.28% | 51,744 | $6.9M | Add +4.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.28% | 66,102 | $6.9M | Add +0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.28% | 95,935 | $6.8M | New |
| GD General Dynamics Corp. | 0.27% | 19,647 | $6.7M | New |
| BWXT BWX Technologies Inc. | 0.27% | 36,305 | $6.7M | Add +6.4% |
| AME Ametek Inc. | 0.27% | 35,411 | $6.7M | Add +10.0% |
| SOXX iShares Semiconductor ETF | 0.27% | 24,376 | $6.6M | New |
| EFV iShares MSCI Eafe Value ETF | 0.27% | 97,380 | $6.6M | New |
| AMGN Amgen Inc. | 0.27% | 23,063 | $6.5M | Add +7.4% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.26% | 108,967 | $6.5M | Add +4.6% |
| PTLC Pacer Trendpilot US Large Ca | 0.25% | 111,249 | $6.1M | Add +73.4% |
| ADP Automatic Data Processing | 0.25% | 20,630 | $6.1M | Add +9.0% |
Portfolio Sells Q2 2025 → Q3 2025
| VOOG Vanguard S&P 500 Growth ETF | Reduce -99.9% | 0.04% | −7.07 |
| IAU iShares Gold Trust | Reduce -97.7% | 0.10% | −6.79 |
| VOO Vanguard S&P 500 ETF | Reduce -93.3% | 1.15% | −6.38 |
| SCHW Schwab (charles) Corp. | Reduce -99.5% | 0.04% | −2.42 |
| MU Micron Technology Inc. | Reduce -97.7% | 0.02% | −2.39 |
| FDIS Fidelity MSCI Cons Discr Ind | Reduce -99.4% | 0.02% | −2.16 |
| QUAL iShares MSCI USA Quality Fac | Reduce -40.4% | 0.51% | −0.40 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -67.3% | 0.16% | −0.38 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -87.1% | 0.05% | −0.37 |
| HDV iShares Core High Dividend E | Reduce -84.7% | 0.06% | −0.35 |
| SPTS SS SPDR P St Term TSY ETF | Reduce -90.8% | 0.03% | −0.35 |
| AMLP Alerian MLP ETF | Reduce -88.7% | 0.04% | −0.34 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -57.7% | 0.20% | −0.32 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.30 |
| CACI Caci International Inc. Class A | Reduce -86.0% | 0.05% | −0.23 |
| FDS Factset Research Systems Inc. | Reduce -97.3% | 0.06% | −0.23 |
| GE General Electric | Reduce -61.8% | 0.12% | −0.22 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.9% | 0.99% | −0.13 |
| FENI Fidelity Enhanced Intl ETF | Reduce -67.3% | 0.05% | −0.11 |
| SPGI S&P Global Inc. | Reduce -20.9% | 0.18% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -1.1% | 0.50% | −0.10 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -7.1% | 0.58% | −0.09 |
| JEPI JPMorgan Equity Premium Inco | Reduce -1.6% | 0.67% | −0.09 |
| SHYL Xtrackers SHRT Dur High Yiel | Reduce -69.9% | 0.04% | −0.08 |
| PDI PIMCO Dynamic Income Fund | Reduce -51.4% | 0.06% | −0.08 |
| IBHF iShares Ibond 2026 HY & Inc. | Sold out | 0.00% | −0.07 |
| AAON Aaon Inc. | Sold out | 0.00% | −0.07 |
| IT Gartner Inc. | Reduce -13.8% | 0.05% | −0.06 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -6.0% | 0.29% | −0.05 |
| CSX CSX Corp. | Reduce -14.0% | 0.03% | −0.05 |
| FTCS First Trust Capital Strength | Reduce -4.1% | 0.34% | −0.05 |
| GSLC Goldman Activebeta US LC ETF | Reduce -7.1% | 0.37% | −0.05 |
| IBTM iShares Ibnds Dec 2032 TT | Sold out | 0.00% | −0.04 |
| IBTK iShares Ibonds Dec 2030 Trea | Sold out | 0.00% | −0.04 |
| USFR Wisdomtree Floating Rate Tre | Reduce -17.1% | 0.12% | −0.04 |
| GOVT iShares US Treasury Bond ETF | Reduce -8.8% | 0.18% | −0.04 |
| FDL First Trust Morn DVD Lead Inc. | Reduce -17.9% | 0.02% | −0.04 |
| FISV Fiserv Inc. | Reduce -36.2% | 0.03% | −0.04 |
| AMOM Qraft AI-Enh US LRG Cap MTM | Sold out | 0.00% | −0.04 |
| FIXD First Trust Smith Opportunis | Reduce -25.1% | 0.07% | −0.04 |
| BOND PIMCO Active Bond Exchange-T | Reduce -49.3% | 0.03% | −0.03 |
| FLOT iShares Floating Rate Bond E | Reduce -10.4% | 0.11% | −0.03 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -7.7% | 0.13% | −0.03 |
| XLK SS Technology Select Sector | Reduce -6.2% | 0.35% | −0.03 |
| GLDM SPDR Gold Minishares Trust | Reduce -11.7% | 0.30% | −0.03 |
| EAT Brinker International Inc. | Reduce -51.3% | 0.03% | −0.03 |
| RSP Invesco S&P 500 Equal Weight | Reduce -6.2% | 0.18% | −0.03 |
| FDUS Fidus Investment Corp. | Reduce -4.9% | 0.15% | −0.03 |
| TJX TJX Companies Inc. | Reduce -51.7% | 0.01% | −0.03 |
| UFEB Innovator U.S. Equity Ultra | Reduce -10.9% | 0.11% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| VUG Vanguard Mrngstar GR ETF-Sui | New | 2.72% | +2.72 |
| MSFT Microsoft Corp. | New | 2.37% | +2.37 |
| VTI VG Morningstar TS MKT ETF-US | New | 1.99% | +1.99 |
| VIG Vanguard Dividend Apprec ETF | New | 1.39% | +1.39 |
| VYM Vanguard High DVD Yield ETF | New | 0.96% | +0.96 |
| FTEC Fidelity MSCI Info Tech Indx | New | 0.92% | +0.92 |
| SCHD Schwab US DVD Equity ETF | New | 0.85% | +0.85 |
| FBND Fidelity Total Bond ETF | New | 0.80% | +0.80 |
| VWO Vanguard Ftse Emerging Marke | New | 0.73% | +0.73 |
| BND Vanguard Total Bond Market | New | 0.72% | +0.72 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.68% | +0.68 |
| VXUS Vanguard Total Intl Stock | New | 0.66% | +0.66 |
| IVV iShares Core S&P 500 ETF | New | 0.65% | +0.65 |
| IEF iShares 7-10 Year Treasury B | New | 0.63% | +0.63 |
| ACWI iShares MSCI Acwi ETF | New | 0.55% | +0.55 |
| AGG iShares Core U.S. Aggregate | New | 0.46% | +0.46 |
| REMX Vaneck Rar Earth ND STG-Usdi | New | 0.45% | +0.45 |
| SCHG Schwab US Large-Cap Growth | New | 0.42% | +0.42 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.41% | +0.41 |
| EUAD Select Stoxx Eur Aer DE ETF | New | 0.39% | +0.39 |
| AAPL Apple Inc. | Add +8.3% | 2.33% | +0.38 |
| SPHB Invesco S&P 500 High Beta Et | Add +835.6% | 0.42% | +0.37 |
| SCHX Schwab US Large-Cap ETF | New | 0.37% | +0.37 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.37% | +0.37 |
| XLG Invesco S&P 500 Top 50 ETF | Add +278.3% | 0.49% | +0.36 |
| MINT PIMCO Enhanced Short Maturit | Add +4115.4% | 0.36% | +0.35 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.34% | +0.34 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +452.3% | 0.41% | +0.33 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.28% | +0.28 |
| GD General Dynamics Corp. | New | 0.27% | +0.27 |
| SOXX iShares Semiconductor ETF | New | 0.27% | +0.27 |
| EFV iShares MSCI Eafe Value ETF | New | 0.27% | +0.27 |
| IJH iShares Core S&P Midcap ETF | New | 0.25% | +0.25 |
| CDNS Cadence Design SYS Inc. | New | 0.25% | +0.25 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.24% | +0.24 |
| VIGI Vanguard Int Div App Indx FD | New | 0.23% | +0.23 |
| VTIP Vanguard Short-Term Tips | New | 0.22% | +0.22 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.21% | +0.21 |
| BIV Vanguard Intermediate-Term B | New | 0.20% | +0.20 |
| IVE iShares S&P 500 Value ETF | New | 0.20% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +7.5% | 0.77% | +0.18 |
| IVW iShares S&P 500 Growth ETF | New | 0.18% | +0.18 |
| VTEC Vanguard Ca Tax-Ex Bond | New | 0.18% | +0.18 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.17% | +0.17 |
| NVDA Nvidia Corp. | Add +5.0% | 1.86% | +0.17 |
| SCHB Schwab US Broad Market ETF | New | 0.16% | +0.16 |
| FDVV Fidelity High Dividend ETF | New | 0.16% | +0.16 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.15% | +0.15 |
| IWM iShares Russell 2000 ETF | New | 0.14% | +0.14 |
| VEA Vanguard Ftse Developed ETF | New | 0.14% | +0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 791 | $2.0B | QQQ, VUG, VTI, AAPL, SPYM |
| Q1 2026 | 788 | $2.1B | VTI, VUG, AAPL, QQQ, SCHD |
| Q4 2025 | 767 | $2.1B | VUG, VTI, QQQ, AAPL, SPYM |
| Q3 2025 | 812 | $2.4B | VUG, MSFT, AAPL, QQQ, VTI |
| Q2 2025 | 623 | $2.2B | VOO, VOOG, IAU, SCHW, MU |
| Q1 2025 | 695 | $1.8B | AAPL, QQQ, VUG, MSFT, VTI |
| Q4 2024 | 689 | $1.6B | VUG, AAPL, QQQ, VTI, MSFT |
| Q3 2024 | 691 | $1.6B | AAPL, QQQ, VUG, MSFT, VTI |
| Q2 2024 | 666 | $1.5B | AAPL, QQQ, VUG, MSFT, COWZ |
| Q1 2024 | 641 | $1.4B | QQQ, VUG, MSFT, AAPL, COWZ |